Bharti Airtel may log first quarterly loss in years; heres what analysts say
Telecom major Bharti Airtel is likely to report subdued financial results for the March quarter on Tuesday.
Brokerage firms Kotak Securities and Sharekhan believe that the telecom major may report losses in Q4 FY18 for the first time in many years. Sharekhan had predicted a net loss of Rs 72 crore during the quarter under review. On the other hand, Kotak Securities projected Airtel to report a consolidated net loss of Rs 380 crore.
Motilal Oswal sees nearly 80 per cent yearly fall in net profit of Bharti Airtel in January-March.
The company had last reported a net loss of Rs 7.07 crore in the third quarter of FY03, according to data available with corporate database Capitaline.
Bharti Airtel may report 10.50 per cent year-on-year fall in Q4 net sales, according to Sharekhan.
Analysts said Airtels home broadband segment is already feeling the impact of Jios commercial launch while DTH business took a hit from an increase in content cost during the fourth quarter.
The stock traded 0.64 per cent up at Rs 403.30 at around 9.50 am.